Citibank stands for Flexibility, security, refinancing, investing and more. Citibank understands that at different stages, you need different types of loan products and features to complement both financial and lifestyle goal.

Citibank aim is to create and tailor products to best suite where you are today, Citibank offering you the greatest possible benefits from your loan, so we can be with you as you progress into tomorrow.

The applicant can avail loan against property for,

The purchase of machinery

Purchase of commercial property

Buying a new property

Yours Children’s education

Closure of existing high cost debt

Any other personal, business or personal requirement

A resident Indian salaried or self-employed

A non-resident India salaried or self employed

Minimum age 23 years and maximum 65 years for salaried applicant

Minimum age 23 years and Maximum age 65 years for self employed individual

The applicant should have at least 2 years of experience in case of Salaried individual

The applicant should have at least 3 years business continuity in case of self employed individual

The applicant must have monthly income at least Rs.15000 and above

Valid income documents

Available for Salaried Individuals and self employed professionals and also for non professionals

The applicant should be owner of the property

Minimum age 21 years and maximum 65 years for salaried applicant

Minimum age 21 years and Maximum age 65 years for self employed individual

The applicant must have monthly income at least Rs.15000 and above

The applicant should have at least 2 years of experience in case of Salaried individual

The applicant should have at least 3 years business continuity in case of self employed individual

Property on which you want to take a loan is not a vacant land.

Your existing EMI’s on all loans and credit cards are not more than 60% to 70% of your net monthly income.

You have not defaulted on loans dues to Citibank or other Banks.

If the applicant is salaried individual he needs to attach recent salary slip and 6 months banking statement.

If the applicant is self employed his/her business need to be exist for at least 3 years.

Two types of documents are required one is KYC (Know your customer) and financial documents:

KYC Documents

Photo Identity proof

Pan Card

Passport

Driving License

Residence address proof

Electricity Bill

Ration Card

Passport

Pan Card

Rental Agreement

Date of birth

Class 10th certificate

Birth certificate

Passport size Photograph

Income Documents required for Citibank Loan against property (Salaried Individual)

Latest 3 months’ salary slips

Latest 2 years Form 16 and Income Tax return

Latest six month bank statements

The applicant Form 16

If an applicant or co-applicant has changed job during last 2 years, then in that case appointment letter of current employer and relieving letter of previous employer is required

Citibank understands that at different stages, you need different types of loan products and features to complement both financial and lifestyle goal.

Citibank aim is to create and tailor products to best suite where you are today, Citibank offering you the greatest possible benefits from your loan, so we can be with you as you progress into tomorrow.

The applicant can avail loan against property for

The purchase of machinery

Purchase of commercial property

Buying a new property

Yours Children’s education

Closure of existing high cost debt

Any other personal, business or personal requirement

Available for Salaried Individuals and self employed professionals and also for non professionals

The applicant should be owner of the property

Minimum age 21 years and maximum 65 years for salaried applicant

Minimum age 21 years and Maximum age 65 years for self employed individual

The applicant must have monthly income at least Rs.15000 and above

The applicant should have at least 2 years of experience in case of Salaried individual

The applicant should have at least 3 years business continuity in case of self employed individual

Property on which you want to take a loan is not a vacant land.

Your existing EMI’s on all loans and credit cards are not more than 60% to 70% of your net monthly income.

You have not defaulted on loans dues to Citibank or other Banks.

The applicant can get loan up to Rs.5 crore

Flexible repayment tenure up to 15 years

The applicant get loan against residential property

The applicant can get loan up to 70% of the property value

Overdraft facility is available

Nil prepayment charges on floating rates

Citibank Loan against property schemes available for both salaried and self employed

Special feature of Citibank Loan against property

The applicant can get loan up to Rs.20 lacs for studies in abroad

The applicant can borrow Loans up to Rs.10 lacs for studies in India

While borrowing this type of special loan for eligibility basis parents income is consider

Loan against residential

Loan against commercial property

Who can apply for Citibank loan against property

A resident Indian salaried or self-employed

A non-resident India salaried or self employed

Minimum age 23 years and maximum 65 years for salaried applicant

Minimum age 23 years and Maximum age 65 years for self employed individual

The applicant should have at least 2 years of experience in case of Salaried individual

The applicant should have at least 3 years business continuity in case of self employed individual

Iserve Financial was very helpful in sorting out loans offered by banks according to their interest rates, eligibility and extra features like pre-closure, partial payment etc. They also took care of all the processes with minimum effort required

Iserve Financial was very helpful in sorting out loans offered by banks according to their interest rates, eligibility and extra features like pre-closure, partial payment etc. They also took care of all the processes with minimum effort required from My side. Thank you.

Satyanarayana S

Home Loan, Indiabulls, Hyderabad

We are thankful to iserve Financial capital for providing us complete solution for our business financial needs. iserve door step services are one of the best in their class. We appreciate the attitude and efforts of Intec officials in maintaining

We are thankful to iserve Financial capital for providing us complete solution for our business financial needs. iserve door step services are one of the best in their class. We appreciate the attitude and efforts of Intec officials in maintaining good business relationships with their customers and resolving their day to day financial needs. They are an easy company to deal with, good people & always ready & willing to go that extra mile if required. I would definitely recommend them to all!

I had received a prompt service from Iserve Finance and Axis Bank for my loan application. I had no issues throughout the process. Interest rate is quite satisfactory. Thanks a Lot.

I had received a prompt service from Iserve Finance and Axis Bank for my loan application. I had no issues throughout the process. Interest rate is quite satisfactory. Thanks a Lot.

Jaspreet Singh

Home Loan, Axis Bank, Bangalore

Mr.Kamal IS excellent on product, service, knowledge, coordination and on every thing, Iserve Is very lucky to have person like Mr.Kamal, Who helped me till disbursement of my loan. Thank you very much.

Mr.Kamal IS excellent on product, service, knowledge, coordination and on every thing, Iserve Is very lucky to have person like Mr.Kamal, Who helped me till disbursement of my loan. Thank you very much.

Anbu

Home Loan, Punjab National Bank, Bangalore

All I should say is thank you very much for your support to close my loan with Axis Bank

All I should say is thank you very much for your support to close my loan with Axis Bank

Gurusiddesh

Home Loan, Axis Bank, Bangalore

My home loan account was handled by Dhiraj Khandelwal. He was prompt and his suggestions and ideas was very valuable to me.
The first Home Loan was done from PNB and the second LAP was done through Standard Chartered bank end March 2017.

My home loan account was handled by Dhiraj Khandelwal. He was prompt and his suggestions and ideas was very valuable to me.
The first Home Loan was done from PNB and the second LAP was done through Standard Chartered bank end March 2017.

Ralph Pereira

Home Loan, Punjab National Bank, Mumbai

This is my first loan, But Iserve made the entire process hassle free with prompt service, wasr the best experience with Iserve Financial Pvt Ltd and Axis Bank. Thank you

This is my first loan, But Iserve made the entire process hassle free with prompt service, wasr the best experience with Iserve Financial Pvt Ltd and Axis Bank. Thank you

Neelima Patnaik

Home Loan, Axis Bank, Hyderabad

News & Articles

DigiLend, a fin-tech startup based out of Mumbai, has raised Rs 2 crore in its new funding round from two non-banking financial services companies. The startup has risen funding from Mumbai-based InCred Finance and Temasek-owned Fullerton India Credit Company Ltd. DigiLend will now be using the newly infused funds to pilot its product in the personal loan segment. The company provides personal loans up to Rs 5 lakh with an annual interest ranging from 12-30% and for a period of 6 to 36 months. The start-up enables individuals to avail of unsecured personal loans for education, travel, holidays, wedding, home improvement, debt consolidation, emergency needs, etc. InCred, which invested in DigiLend, has acquired peer-to-peer lending platform Instapaisa after investing in the start-ups last year. The firm has also invested in several fin-tech start-ups for around 10-15 percent stake, said founder Bhupinder Singh.

Customers are now getting a waiver on their charges on transfer of housing, auto and personal loans to marginal cost based lending rate (MCLR). Lenders like state bank of India and HDFC are asking customers to transfer their base rate to MCLR to get the benefit of lower EMIs. However, switching from base rate to MCLR or transfer from one bank to the other is a cost incurred by the bank and is passed on the borrowers in the form of processing fee, legal charges and others. N.S. Venkatesh, Executive Director, Lakshmi Vilas Bank, said, "Most banks have a huge chunk on base rate. So, the movement to MCLR will have to happen for customers to get lower rates. With RBI also reviewing the base rate to be tweaked to ensure lower rates are transmitted, we too are looking at waivers if and whenever there is a requirement. It is always a relationship-based pricing based on the loyalty, repayment track record and their credit scores." Banks usually hire channel agents to facilitate transfer of loans while the switching from base rate to MCLR is avoided by the banks. N.S. Venkatesh, Executive Director, Lakshmi Vilas Bank, said, "Most banks have a huge chunk on base rate. So, the movement to MCLR will have to happen for customers to get lower rates. With RBI also reviewing the base rate to be tweaked to ensure lower rates are transmitted, we too are looking at waivers if and whenever there is a requirement. It is always a relationship-based pricing based on the loyalty, repayment track record and their credit scores."

RBI’s decision to cut its repo rate by 25 basis points to 6 percent is likely to lead to a further cut in the lending rates, especially home and car loans. “Home loan rates could come down to around 8.2% per annum on an average. So, the new borrowers can expect EMIs to come down and which would also cut down the interest outgo over the loan tenure. Banks may come also up with promotional offers till festival season to attract more customers,” Rishi Mehra, CEO of Wishfin.com said. Mehra also said that the old borrowers under the MCLR regime have to wait for the next reset period to get the rate reset while the base rate customers can shift to MCLR regime to take advantage of the lower rates.The RBI governor Urjit Patel, in his post monetary policy press conference, has said that the transmission of previous rate cut has been strong in the home loan and personal loan segment. The RBI governor hoped that similar transmission of lending rate cuts are made effective in other loan segments too.

ICICI bank is selling personal loans of up to Rs. 15 lakh through its ATMs. The lender will per-qualify select customers for personal loans. Such customers will get a message on the ATM screen after completing a transaction. If a customer chooses to go in for the loan, they can avail a five-year personal loan of up to Rs 15 lakh and the amount will be credited instantly into their account. The customer will be informed about the details like, interest rates, processing fee and EMIs before completion of the transaction. "We believe this is a compelling proposition as it is a completely paperless procedure and instant disbursal of funds through the ATM," ICICI Bank executive director Anup Bagchi said. This will help the customers receive money more conveniently.